14 December 2016

Arricano Real Estate Plc

('Arricano' or the 'Company')

Result of General Meeting

Arricano (AIM: ARO), a leading real estate developer and shopping mall operator in Ukraine, announces that at the General Meeting held earlier today, the Resolution was duly passed.

Following the passing of the Resolution, each of the Sale & Purchase Agreement, Set-Off Agreement, Assignment Agreement and Call Option Agreement, as detailed in the announcement dated 24 November 2016, are unconditional in all respects and Arricano now owns 49% of the Filgate Shares.

Capitalised terms used but not otherwise defined in this announcement bear the meanings ascribed to them in the Circular dated 24 November 2016.

For further information, please contact:

Arricano Real Estate plc
Mykhailo Merkulov Tel: +380 44 569 6708

Nominated Adviser and Joint Broker

Smith & Williamson Corporate Finance Limited
Azhic Basirov Tel: +44 (0)20 7131 4000

Joint Broker

Whitman Howard Limited
Ranald McGregor-Smith Tel: +44 (0)20 7659 1234

Financial PR

Novella
Tim Robertson/Toby Andrews Tel: +44(0)20 3151 7008